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Adoption of Fintech Towards Asset and Wealth Management: Understanding the Recent Scenario in India

In: Digital Economy Post COVID-19 Era

Author

Listed:
  • Alekha Chandra Panda

    (Dr. D Y Patil Institute of Management Studies)

  • Amitabh Patnaik

    (Dr. D Y Patil Institute of Management Studies)

  • Avinash Pawar

    (Dr. D Y Patil Institute of Management Studies)

  • Abhijeet Birari

    (Christ University)

Abstract

The finance sector as a whole has seen a significant transformation as a result of technological advances, which has impacted how financial institutions function and how financial activities are carried out. Fintech is currently a facilitator and a disruptor. Today Fintech companies have the greatest influence on the wealth management industry financial technology, or Fintech, began with nimbler start-ups upending banks with their innovative methods, and later developed into the latter forging partnerships with banks to strengthen the whole financial services ecosystem. At the intersection of both money and technology, the term “wealthtech” was developed. Any digital solution designed to simplify wealth management procedures is referred to as “digital wealth management solutions.” The fintech sector, which also encompasses digital payments, regulatory technology, insurance technology, etc., includes wealthtech. Fintech in wealth management has created a paradigm change in the investing sector. Wealthtech's technology is disrupting the wealth management industry. This study analyses the recent development of the wealth management industry and financial investment in the digital Indian age.

Suggested Citation

  • Alekha Chandra Panda & Amitabh Patnaik & Avinash Pawar & Abhijeet Birari, 2023. "Adoption of Fintech Towards Asset and Wealth Management: Understanding the Recent Scenario in India," Springer Proceedings in Business and Economics, in: Prashant Mishra & Ashu Sharma & Sayantan Khanra & Sumit K. Kundu & Sushanta Kumar Mishra (ed.), Digital Economy Post COVID-19 Era, chapter 0, pages 357-367, Springer.
    • Handle: RePEc:spr:prbchp:978-981-99-0197-5_23
    DOI: 10.1007/978-981-99-0197-5_23
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